People choose to have a business mentor for different reasons, but what can you get from working with a business mentor? There are a range of benefits business mentoring gives you including
Leveraging the experience and expertise of another seasoned business person. A mentor can offer you valuable insights based on their own experiences and expertise in the business world. Just finding out what someone else has experienced can be a significant time and cost saver. You don’t repeat their mistakes, so save time, cost and the impact mistakes can have on your reputation. You can leverage their learning of what worked and get a jump start on your improvement projects. Mentors can provide guidance on many aspects of running a business, such as strategy, operations, marketing, finance, processes, systems, leadership, effective teams and more. Find out about our mentors and read the reviews of what our business mentoring and coaching clients say.
Getting access to a mentors contacts and networking can be a massive time saver. Mentors often have extensive networks of contacts across industries and sectors. They can introduce you to potential partners, clients, investors, and other valuable connections that can help your business grow. Sometimes it can be something small, like a single phone call or email introduction that can change your business, its growth, performance or opportunities you have. A mentor may be able to make introductions to people to help you. How would that be useful to you?
If you are the boss, who do you report to? How do you get guidance, support and being held accountable? The Accountability and Support a mentor can bring will enable you to keep focussed on your goals and provide support and encouragement as you work towards them. They can offer advice during challenging times and help you stay focused on your objectives. In reality, it can be like having your own close personal advisor and many mentors and mentees end up with long lasting professional connections, because you have positive shared experiences, working through the key things that make a difference for you and your business.
A mentor can offer you a different Perspective and Feedback. Having an outside perspective on your business and how to tackle the challenges you face can be enormously valuable. They can provide constructive feedback, identify blind spots, and offer suggestions for improvement. It can be so valuable just having to explain your plan to someone, your thinking, and to ask you questions, because you have to be clear on them to explain it. That in its own right can bring significant insights to you and you increase the likelihood of success from being focussed and clear on what you have to do. Getting feedback on what aspects of your plan are not so clear and needs to be better explained can help you get your projects in to shape, so you can better persuade What does not work? What is excellent and you should do more of? What needs tweaking?
As business leaders there are always things we would like to be able to do or to do better. A mentor can support you with Skill Development and mentors can help you develop specific skills that are essential for success in business, such as leadership, decision-making, negotiation, and problem-solving, dealing with conflict, developing your influencing skills even how to coach others in your team!
Directors, business owners and even CEO’s can from time to time, suffer from a lack of Confidence and Motivation. Imposter syndrome is almost contagious and all of us will feel it as some point in our career. But you don’t have to be alone and having a mentor who believes in you and your business can boost your confidence and motivation. They can help you overcome doubts and fears and inspire you to reach your full potential. Having a mentor can enable you to work through issues and challenges and see them in a new way, so they don’t overpower you. A mentor can help you develop the skills and abilities to deal with problems, turning them into opportunities or even strengths.
We talked about the value of mentors helping you Avoid Pitfalls and Making mistakes. Mentors can help you avoid common pitfalls and mistakes that many entrepreneurs make. By learning from their experiences, you can navigate challenges more effectively and make better decisions for your business.
A business mentor can serve as a valuable resource and Sounding Board as you navigate through the challenges of running a business. Their guidance and support can help you achieve your goals more quickly and efficiently than you might on your own.
Does mentoring save a business money?
The reality is living with problems and inefficiencies in a business can be very expensive. Being less effective or being stuck can also impact you professionally. How much would being where you want to be in business be worth to you? You may find after having a mentor that you will wonder why you did not do it before.
Take action to improve your business
So given there is so much to gain, what do you need to take the next step?
If you are wondering about what its like to have a mentor, then read the feedback from existing clients. Take a look at booking a slot with our mentors and the flexible approach to providing mentoring services.